Trainee in Infosec GRC at SEK developing security policies and handling risk assessments. Focusing on ISO standards and technical compliance across projects.
About the role
- Senior Compliance Analyst conducting due diligence on insurance products and carriers in the firm. Collaborating with compliance, product, legal, and business stakeholders for regulatory evaluations.
Responsibilities
- Conduct upfront and ongoing due diligence on insurance products, including but not limited to:
- Life insurance (term, whole, universal life)
- Variable and fixed annuities
- Fixed indexed annuities
- Long-term care and hybrid products
- Disability insurance
- Perform carrier-level due diligence, including:
- Financial strength and ratings analysis
- Review of statutory filings and public disclosures
- Evaluation of governance, risk management, and operational controls
- Review and assess materials from third-party due diligence providers, regulatory bodies, and rating agencies.
- Analyze product structures, fees, surrender charges, riders, guarantees, illustrations, and disclosures for compliance with regulatory and firm standards.
- Monitor regulatory developments impacting insurance products (e.g., state insurance regulations, NAIC model regulations, suitability and best interest standards).
- Summarize due diligence findings in clear, concise written reports for presentation to internal product, compliance, and risk committees.
- Identify, document, and escalate emerging risks or issues related to existing insurance products or carriers.
- Partner with internal stakeholders (Compliance, Legal, Product Management, Risk, and Advisor Support) to support product governance initiatives.
- Respond to inquiries from advisors and internal partners regarding approved insurance products and historical offerings.
- Participate in periodic product reviews, audits, and remediation efforts as needed.
- Attend industry meetings, regulatory briefings, and conferences to remain current on insurance market and compliance trends.
- Participate in periodic reviews of unique life insurance and annuity cases.
Requirements
- Bachelor’s degree or equivalent experience required.
- Minimum 5+ years of experience in insurance compliance, product due diligence, risk management, or a related regulatory role.
- Demonstrated experience reviewing insurance products and/or carriers within a regulated financial services environment.
- Strong understanding of insurance products and distribution models, including annuities and life insurance.
- Working knowledge of insurance regulatory frameworks, including state insurance regulations and NAIC guidance.
- Ability to analyze complex product features and disclosures and assess compliance and risk implications.
- Experience reviewing financial statements, carrier ratings, and solvency indicators.
- Excellent written and verbal communication skills, with the ability to present complex findings to varied audiences.
- Strong analytical skills with the ability to synthesize large volumes of information into key risks and recommendations.
- High attention to detail and strong organizational skills.
- Ability to manage multiple projects and deadlines in a fast-paced environment.
- Self-motivated professional capable of working independently and collaboratively.
Benefits
- Up to 15% travel
Job title
Job type
Experience level
Salary
Degree requirement
Location requirements
Compliance intern at Dräger assisting in the global compliance management system and related compliance processes in Lübeck. Gaining practical experience in an international compliance team.
Compliance Analyst responsible for ensuring regulatory compliance within the financial sector in Brazil. Engaging in policy development and collaboration with regulatory bodies.
Compliance Manager coordinating SOX, CFTC, FERC compliance activities for NextEra Energy. Collaborating with teams to ensure regulatory adherence and mitigate compliance risks.
Senior Regulatory Scientist managing biocide registrations for Stepan Company. Responsible for regulatory matters related to EPA FIFRA - regulated antimicrobial pesticides.
Global Trade Compliance Specialist managing international trade compliance and strategies at McCormick. Analyzing regulations and ensuring adherence to laws for importing and exporting activities.
Senior Compliance Testing Analyst executing independent testing of compliance controls at TD Bank. Collaborating with Compliance Monitoring and Testing Program Team on various testing engagements.
Compliance Testing Manager at TD Bank responsible for independent testing oversight and QA. Leading compliance initiatives and providing expertise across projects and engagements.
Manage the registration and post - registration of food products at Tirolez, Brazil's largest cheese manufacturer. Ensure compliance with regulatory requirements and maintain quality standards.
Compliance Analyst at Viveo investigating and managing regulatory adherence for health products across Brazil. Responsible for conducting investigations and reporting findings effectively.